Flexible Solutions International (NYSE:FSI) Earns Hold Rating from Analysts at StockNews.com

Posted by Xavier Holt on Oct 24th, 2024

StockNews.com began coverage on shares of Flexible Solutions International (NYSE:FSI – Free Report) in a report released on Monday. The firm issued a hold rating on the stock.

Flexible Solutions International Trading Up 1.6 %

Shares of FSI stock opened at $3.89 on Monday. The company has a market cap of $48.43 million, a P/E ratio of 20.47 and a beta of 1.48. The stock has a 50 day simple moving average of $3.37 and a two-hundred day simple moving average of $2.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.70 and a current ratio of 2.65. Flexible Solutions International has a fifty-two week low of $1.36 and a fifty-two week high of $3.94.

Flexible Solutions International (NYSE:FSI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Flexible Solutions International had a return on equity of 7.40% and a net margin of 7.46%. The firm had revenue of $10.53 million during the quarter, compared to analysts’ expectations of $10.34 million. Research analysts forecast that Flexible Solutions International will post 0.29 earnings per share for the current year.

Institutional Trading of Flexible Solutions International

A hedge fund recently raised its stake in Flexible Solutions International stock. Renaissance Technologies LLC lifted its position in Flexible Solutions International, Inc. (NYSE:FSI – Free Report) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 379,245 shares of the company’s stock after purchasing an additional 17,400 shares during the quarter. Renaissance Technologies LLC owned 3.05% of Flexible Solutions International worth $664,000 at the end of the most recent quarter. 54.31% of the stock is currently owned by institutional investors.

About Flexible Solutions International

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Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.